News Archives for Print - 2024-01-18

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Print - 2024-01-18

US re-designates Houthis as ‘terrorist’ entity

WASHINGTON: The United States announced Wednesday that it will put Yemen’s Iran-backed Huthi rebels back on a list...

Published 18 Jan, 2024 05:54am

PCB Level-1 course concludes

LAHORE: A four-day level 1 coaching course, organised by the Pakistan Cricket Board (PCB), concluded on Wednesday in...

Published 18 Jan, 2024 05:54am

Asia

23 dead in Thai fireworks factory explosion

BANGKOK: Twenty-three people have died after an explosion at a fireworks factory in central Thailand on Wednesday,...

Published 18 Jan, 2024 05:54am

Middle East

Arab League chief slams Ethiopia-Somaliland accord

CAIRO: Arab League chief Ahmed Aboul Gheit on Wednesday condemned a maritime accord between Ethiopia and the...

Published 18 Jan, 2024 05:54am

UN chief warns Israel-Lebanon war would be ‘disaster’

DAVOS: UN Secretary-General Antonio Guterres on Wednesday warned that a “full-fledged confrontation” between...

Published 18 Jan, 2024 05:54am

Middle East

Israel escalates Gaza strikes after medicine-for-aid deal

GAZA STRIP: Israel stepped up strikes Wednesday on war-torn Gaza’s south, where medicines were expected to be...

Published 18 Jan, 2024 05:54am

PSDF launches ‘Skills for Minorities 2023-24’ programme

LAHORE: Punjab Skills Development Fund (PSDF) has launched the "Skills for Minorities (SFM) 2023-24" program, a...

Published 18 Jan, 2024 05:54am

PTI condemns Iran’s unprovoked violation of Pak airspace

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) on Wednesday strongly condemned Iran’s unprovoked violation of...

Published 18 Jan, 2024 05:54am

PTI leader remanded to jail custody

LAHORE: An Anti-Terrorism Court (ATC) in Lahore on Wednesday sent a PTI leader Khalid Mahmood Gujjar to jail on...

Published 18 Jan, 2024 05:54am

Safe and legal migration of workforce to Qatar discussed

DOHA: Special Assistant to the Prime Minister (SAPM) on Overseas Pakistani and Human Resource Development, Jawad...

Published 18 Jan, 2024 05:54am

Sherry reiterates PPP’s commitment to timely electoral process

ISLAMABAD: Vice-President of the Pakistan People’s Party (PPP) Senator Sherry Rehman reiterated her party’s...

Published 18 Jan, 2024 05:54am

The Weather

KARACHI: The weather report on Wednesday (January 17, 2024) and the forecast for Thursday (January 18, 2024)...

Published 18 Jan, 2024 05:54am

Iranian FM told: Pakistan reserves right to respond

ISLAMABAD: Caretaker Foreign Minister Jalil Abbas Jilani, on Wednesday, told his Iranian counterpart that Tehran’s...

Published 18 Jan, 2024 05:54am

US condemns Iranian strikes

WASHINGTON: The United States on Wednesday condemned recent Iranian strikes in Pakistan, Iraq and Syria, which ...

Published 18 Jan, 2024 05:54am

LHC upholds decisions of election tribunals

LAHORE: A full bench of the Lahore High Court (LHC) on Wednesday upheld the decisions of the election tribunals that...

Published 18 Jan, 2024 05:54am

‘PPP initiates energetic poll campaign’: Sharjeel says ‘dirty tactics’ won’t be tolerated

LAHORE: Addressing at a press conference in Lahore, Sharjeel Inam Memon stated that the People’s Party has...

Published 18 Jan, 2024 05:54am

First rally in Hafizabad: PML-N all set to kick-start election drive today

LAHORE: The Pakistan Muslim League-Nawaz (PML-N) is all set to kick-start its election drive for the February 8...

Published 18 Jan, 2024 05:54am

CJP underscores need for eradicating ‘Kalashnikov culture’ in country

ISLAMABAD: Chief Justice of Pakistan Qazi Faez Isa emphasized that there was a need to eradicate “Kalashnikov...

Published 18 Jan, 2024 05:54am

Change of electoral symbol: ECP says elections could be delayed in certain constituencies

ISLAMABAD: Faced with public backlash over allotting “degrading” electoral symbols to the candidates of Pakistan...

Published 18 Jan, 2024 05:54am

Bilawal’s election campaign moves into high gear

BADIN: Chairman Pakistan People’s Party (PPP) Bilawal Bhutto Zardari has urged the people to make his party...

Published 18 Jan, 2024 05:54am

389 polling stations in Mardan, 80 in Swabi declared ‘most sensitive’

PESHAWAR: 389 polling stations have been declared most sensitive in Mardan while 80 polling stations have been...

Published 18 Jan, 2024 05:54am

Sheikh Rashid sent to judicial remand

RAWALPINDI: An Anti-Terrorism Court (ATC) on Wednesday dismissed the police plea seeking physical remand of Awami...

Published 18 Jan, 2024 05:54am

Essential oral polio vaccines: Japan announces $3.62m grant

ISLAMABAD: The Government of Japan has announced a new USD 3.62 million grant to procure essential oral polio...

Published 18 Jan, 2024 05:54am

Iranian missile strikes: Balochistan announces compensation for victims

QUETTA: Balochistan government on Wednesday announced payment of compensation to the heirs of women and injured ...

Published 18 Jan, 2024 05:54am

Karandaaz, GrowTech develop GrowPak app to improve agri services

KARACHI: In a bid to digitize the traditional agriculture value chain, GrowTech Services is implementing ...

Published 18 Jan, 2024 05:54am

IT, ITeS export remittances rise around 9pc in 1HFY24

ISLAMABAD: The IT and IT-enabled Services (ITeS) export remittances comprising computer services and call centre...

Published 18 Jan, 2024 05:54am

Theft of railway material: PR police registers 3401 cases, arrests 3913 accused

LAHORE: Pakistan Railways Police during the year 2023 in an exceptional performance registered 3401 cases against...

Published 18 Jan, 2024 05:54am

Environment, smog: Chinese delegation for strict implementation of laws

LAHORE: A delegation of Chinese environmental experts, led by Chinese Consul General Zhao Shireen, visited the ...

Published 18 Jan, 2024 05:54am

Artificial rain: Punjab CM praises UAE team’s efforts

LAHORE: The UAE team was ready to bring artificial rain again, but unfavourable weather conditions hindered their...

Published 18 Jan, 2024 05:54am

PML-N & PPP ‘two sides of the same coin’: JI

LAHORE: Chief of Jamaat-e-Islami Sirajul Haq has asserted that the PML-N and the PPP engage in friendly wrestling to...

Published 18 Jan, 2024 05:54am

Library inaugurated in memory of educationalist Mirza Abid Abbas

HYDERABAD: The Sindh Caretaker Minister for Information, Social Protection and Minority Affairs Mohammad Ahmed Shah...

Published 18 Jan, 2024 05:54am

Five assemblies: 17,816 candidates contesting elections

ISLAMABAD: Some 17,816 candidates are contesting general elections for the five assemblies. According to the data...

Published 18 Jan, 2024 05:54am

Al-Qadir Trust case: AC defers indictment of IK, Bushra Bibi

ISLAMABAD: An Accountability Court on Wednesday deferred the indictment of Pakistan Tehreek-e-Insaf (PTI) Founder ...

Published 18 Jan, 2024 05:54am

Digitisation of 10 major schemes completed: LDA

LAHORE: Lahore Development Authority (LDA) Director General Muhammad Ali Randhawa has said that they have completed...

Published 18 Jan, 2024 05:54am

NAM Summit in Kampala: Jilani calls for peaceful resolution of IIOJK, Palestine disputes

ISLAMABAD: Pakistan has called for a just, peaceful, and expeditious resolution of the longstanding Indian Illegally...

Published 18 Jan, 2024 05:54am

Rejection of nomination papers: LHC reserves verdict on Imran Khan’s petition

LAHORE: A full bench of the Lahore High Court on Tuesday reserved its verdict on two petitions of former PTI ...

Published 18 Jan, 2024 05:54am

Marwat continues rallies in Karachi despite PTI notification

ISLAMABAD: A visibly “heartbroken” Pakistan Tehreek-e-Insaf (PTI) central leader Sher Afzal Khan on Wednesday...

Published 18 Jan, 2024 05:54am

MoU inked for fighting diabetes in Pakistan

LAHORE: Considering the current economic challenges and to ensure access to healthcare, Getz Pharma and M.E.D...

Published 18 Jan, 2024 05:54am

PCAA inaugurates new exam centre for pilots at IIAP

ISLAMABAD: The Pakistan Civil Aviation Authority (PCAA) on Wednesday announced the inauguration of a ...

Published 18 Jan, 2024 05:54am

PFA seizes tons of contaminated food

LAHORE: In a major operation, the Punjab Food Authority (PFA) has seized over 17,000 kilograms of unhealthy and...

Published 18 Jan, 2024 05:54am

Wrongly issued additional demand notice: President directs IESCO to refund Rs139,860 to complainant

ISLAMABAD: President Dr Arif Alvi has directed Islamabad Electric Supply Company (IESCO) to refund Rs139,860 to Haji...

Published 18 Jan, 2024 05:54am

Rates

Bears emerge as winners

KARACHI: Pakistan Stock Exchange on Wednesday witnessed a mixed trend and after moving in both directions, closed on...

Published 18 Jan, 2024 05:54am

PARTLY FACETIOUS: Lions have longer tails than tigers

“The Trainer looms large on the horizon again!” “You need to narrow it down - I mean, the large number of...

Published 18 Jan, 2024 05:54am

Harnessing tobacco taxation for economic revitalisation

Pakistan faces multifaceted economic challenges; and amidst these, the role of tobacco taxation emerges as a...

Published 18 Jan, 2024 05:54am

Coal power plants: early retirement?

Recently, a conference was held in Islamabad on the proposal of “Early Retirement of Coal Power Plants”. Those...

Published 18 Jan, 2024 05:54am

Letters

Solar companies should consider a marketing shift

In the contemporary discourse, the pervasive buzz around green energy often risks becoming a cliché, invoking the...

Published 18 Jan, 2024 05:54am

Energy

Pakistan secures second LNG cargo from Azerbaijan

ISLAMABAD: Pakistan has succeeded in securing a second Liquefied Natural Gas (LNG) cargo from the State Oil Company...

Published 18 Jan, 2024 05:54am

Energy

Visit to sacred religious places: OGDCL organises draw to select members from Christian, Hindu communities

ISLAMABAD: In a display of commitment to diversity and inclusion, the Oil and Gas Development Company Limited ...

Published 18 Jan, 2024 05:54am

Business environment and economic growth outlook

According to the recent report entitled “World Economic Situation and Prospects (WESP) 2024” by the United...

Published 18 Jan, 2024 05:54am

Stocks

Wall St slides as Treasury yields dent megacaps

NEW YORK: Wall Street’s main indexes dropped on Wednesday, as rising Treasury yields pressured megacaps after...

Published 18 Jan, 2024 05:54am

Stocks

European shares slide more than 1pc on hawkish ECB remarks

PARIS: European shares declined on Wednesday as more hawkish remarks from European Central Bank (ECB) officials...

Published 18 Jan, 2024 05:54am

Stocks

China, HK stocks tumble on weak property data

SHANGHAI: Stocks fell across the board in China and Hong Kong on Wednesday, with China’s blue-chip index closing ...

Published 18 Jan, 2024 05:54am

Stocks

Tokyo shares end down

TOKYO: Tokyo stocks ended lower Wednesday as profit-taking wiped out morning gains. The benchmark Nikkei 225 index...

Published 18 Jan, 2024 05:54am

Energy

US natgas lower

NEW YORK: US natural gas futures plunged about 13% to a one-week low on Tuesday on forecasts for demand to drop and...

Published 18 Jan, 2024 05:54am

Energy

Oil prices plunge as China’s economic recovery disappoints

NEW YORK: Oil fell around 1% on Wednesday as economic growth in China was short of expectations, stoking worries...

Published 18 Jan, 2024 05:54am

Rates

Activities of Karachi Port and Port Qasim

KARACHI: The Karachi Port Trust handled 158,337 tonnes of cargo comprising 93,856 tonnes of import cargo and 64,481...

Published 18 Jan, 2024 05:54am

Cotton & Textile

Cotton spot rates

KARACHI: official KCA spot rates for local dealings in Pakistan rupees on Wednesday, (January 17, 2024)...

Published 18 Jan, 2024 05:54am

Cotton & Textile

Official spot rate firm on cotton market

LAHORE: The local cotton market on Wednesday remained steady and the trading volume remained low. Cotton Analyst...

Published 18 Jan, 2024 05:54am

Energy

5MW solar plant to be installed at Mehmood Booti

LAHORE: The Lahore Waste Management Company (LWMC) is transforming its Mehmood Booti dump site into a model urban...

Published 18 Jan, 2024 05:54am

Rates

LME official prices

LONDON: The following were Tuesday official prices. ========================================= ALUMINIUM...

Published 18 Jan, 2024 05:54am

Forex

Currency values in terms of Special Drawing Rights

WASHINGTON: The International Monetary Fund (IMF), treasuries' department's currency values in terms of Special...

Published 18 Jan, 2024 05:54am

Forex

Open market rates of foreign currencies

KARACHI: Open market rates of foreign currencies supplied by the Exchange Companies Association of Pakistan on...

Published 18 Jan, 2024 05:54am

Forex

Dollar's rate in interbank market

KARACHI: Interbank closing rates for dollar on Wednesday (January 17, 2024). ======================== Open ...

Published 18 Jan, 2024 05:54am

Forex

Kerb buying and selling rate of US dollar

KARACHI: Dollar buying and selling rate in the kerb market in rupees on Wednesday (January 17, 2024)....

Published 18 Jan, 2024 05:54am

Rates

Shipping Intelligence

KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (January 17, 2024)....

Published 18 Jan, 2024 05:54am

Grains

Lahore Grain Market Rates

LAHORE: Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (January 17, 2024)...

Published 18 Jan, 2024 05:54am

Paper

Lahore Paper Market Rates

LAHORE: Paper market rates in rupees on Wednesday (January 17, 2024). ======================================= ...

Published 18 Jan, 2024 05:54am

Rates

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Wednesday (January 17, 2024). ==================================== ...

Published 18 Jan, 2024 05:54am

PM says growth ‘will be slow but sustainable’

DAVOS: Caretaker Prime Minister Anwaar-ul-Haq Kakar on Wednesday expressed confidence that a stable government would...

Updated 18 Jan, 2024 10:03am

Industrialisation: Pakistan needs to be more competitive, attractive: PM

DAVOS: Caretaker Prime Minister Anwaar-ul-Haq Kakar on Wednesday said that Pakistan needed to be more competitive...

Updated 18 Jan, 2024 09:31am

330MW Thar coal-fired project: PPIB to conduct ICB for sale of power to KE sans GoP guarantee

ISLAMABAD: Private Power and Infrastructure Board (PPIB) has decided to conduct International Competitive Bidding...

Updated 18 Jan, 2024 10:05am

12 vaccine preventable diseases: ECC approves Rs3.568bn TSG for immunisation

ISLAMABAD: The Economic Coordination Committee (ECC) of the cabinet has approved Rs3.568 billion TSG for...

Updated 18 Jan, 2024 09:53am

Iran missile strikes: Pakistan recalls envoy

ISLAMABAD: Pakistan on Wednesday decided to downgrade its diplomatic ties with Iran by recalling its ambassador from...

Updated 18 Jan, 2024 09:32am

Senate panel recommends SOEs bill

ISLAMABAD: Amid the opposition of the Finance Ministry, the Senate Standing Committee on Finance and Revenue...

Updated 18 Jan, 2024 09:29am

PL rate on HOBC fuel kept unchanged

ISLAMABAD: Interim government has kept Petroleum Levy (PL) rate on Hi-Octane blending component (HOBC) fuel...

Updated 18 Jan, 2024 09:30am

Chairman tells Senate panel on finance: Govt asked to implement FBR restructuring within 30 days

ISLAMABAD: Federal Board of Revenue (FBR) Chairman Amjad Zubair Tiwana, Wednesday, informed the Senate Standing...

Updated 18 Jan, 2024 09:52am

Ashgabat: In historic first, shipment under TIR convention cleared

KARACHI: In a historic development, Pakistan Customs in coordination with National Logistic Corporation (NLC)...

Updated 18 Jan, 2024 09:29am

Rs55bn payment to SECMC: PD not paying heed to PMO’s and MoF’s dispatches

ISLAMABAD: The Power Division is reportedly not paying heed to the Prime Minister’s Office and Finance Ministry on...

Updated 18 Jan, 2024 10:05am

Gohar to discuss prospects of raw sugar import with PSMA

ISLAMABAD: Caretaker Minister for Commerce, Industries and Investment, Gohar Ijaz is to hold a meeting with sugar...

Updated 18 Jan, 2024 09:31am

Commodities

Gold prices dip

KARACHI: Gold on Wednesday posted a big fall on the local market with a dip in silver prices, traders said. Gold ...

Published 18 Jan, 2024 05:54am

UK inflation in shock rise, dashing rate cut hopes

LONDON: British annual inflation unexpectedly picked up in December, data showed Wednesday, dashing hopes of an ...

Published 18 Jan, 2024 05:54am

China’s Q4 GDP shows patchy economic recovery

BEIJING: China’s economy grew 5.2% in the fourth quarter from a year earlier, official data showed on Wednesday,...

Published 18 Jan, 2024 05:54am

Trade barriers can slow energy transition: IEA chief

DAVOS: Trade barriers can slow the world’s energy transition but commerce also needs to be fair, International...

Published 18 Jan, 2024 05:54am

FTO provides welcome relief

EDITORIAL: It is appreciated that the Federal Tax Ombudsman (FTO) was able to provide relief of Rs17.74 billion to...

Published 18 Jan, 2024 05:54am

Manifestoes lack economic rationale!

EDITORIAL: Pledges by the two political parties, the Pakistan Muslim League-Nawaz and the Pakistan People’s Party,...

Published 18 Jan, 2024 05:54am

Faysal Islami Currency Exchange Co: SECP issues Certificate of Incorporation

KARACHI: The Securities and Exchange Commission of Pakistan (SECP) has issued the Certificate of Incorporation to...

Published 18 Jan, 2024 05:54am

Commodities

Gold prices end flat

BENGALURU: Gold prices were flat on Wednesday after hitting an almost one-week low, pressured by a stronger dollar ...

Published 18 Jan, 2024 05:54am

Commodities

FranceAgriMer cuts 2023/24 wheat export forecasts

PARIS: Farm office FranceAgriMer on Wednesday lowered its forecast for French wheat exports in 2023/24, citing lower...

Published 18 Jan, 2024 05:54am

Commodities

PMEX daily trading report

KARACHI: On Tuesday at PMEX, the traded value of Metals, Energy, COTS/FX and indices was recorded at PKR 27.450...

Published 18 Jan, 2024 05:54am

Commodities

Iron ore futures retreat

BEIJING: Iron ore futures prices retreated on Wednesday as weak economic data from top consumer China weighed on...

Published 18 Jan, 2024 05:54am

Commodities

Malaysian palm oil weaker

KUALA LUMPUR: Malaysian palm oil futures fell on Wednesday as weakness in rival vegetable oils in the Dalian and...

Published 18 Jan, 2024 05:54am

Commodities

Copper prices lower

LONDON: Copper prices dropped to their lowest in over a month on Wednesday on worries about China’s economy after...

Published 18 Jan, 2024 05:54am

Commodities

Chicago soybeans ease, wheat firm

PARIS/CANBERRA: Chicago soybeans eased back towards a two-year low on Wednesday as investors grappled with...

Published 18 Jan, 2024 05:54am

Commodities

Industry

KATI lauds proposed setting up of new industrial zone in Karachi

KARACHI: The Korangi Association of Trade and Industry (KATI) have extended its congratulations on the announcement...

Published 18 Jan, 2024 05:54am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 17	278.60
USD PKR Interbank Buying / Dec 17	278.60
USD to Japanese Yen / Dec 17	153.56
USD to Swiss Franc / Dec 17	0.89
Pound Sterling to USD / Dec 17	1.27
Euro to USD / Dec 17	1.05

Stock	Volume
S&P 500 / Dec 17	6,050.61
India Sensex / Dec 17	80,684.45
Tokyo Nikkei / Dec 17	39,164.26
Nasdaq / Dec 17	20,109.06
Hang Seng / Dec 17	19,815.30
FTSE 100 / Dec 17	8,195.20
Dow Jones / Dec 17	43,449.90
Germany DAX 30 / Dec 17	20,246.37

Item	Value
Crude Oil USD/Barrel / Dec 17	70.11
Karachi Cotton PKR/37.32 KG / Dec 17	17,585
Gold 10 Grams PKR / Dec 17	241,860
Gold Spot USD/Ounce / Dec 17	2,644.07
Cotton US¢/pound / Dec 17	68.53
Petrol/Litre / Dec 18	252.10

Gainers
Losers
Leaders

Stock	Price
LSE Capital / Dec 18 LSE Capital Limited(LSECL)	6.70 ▲ 1.00 (17.54%)
S.G.Power / Dec 18 S.G. Power Limited(SGPL)	9.17 ▲ 1.00 (12.24%)
Faran Sugar (R) / Dec 18 Faran Sugar Mills Limited (R)(FRSMR)	9.43 ▲ 1.00 (11.86%)
Dadabhoy Cement / Dec 18 Dadabhoy Cement Industries Limited(DBCI)	7.85 ▲ 0.74 (10.41%)
Aisha Steel Mill / Dec 18 Aisha Steel Mills Limited(ASL)	11.06 ▲ 1.01 (10.05%)
Oilboy Energy / Dec 18 Oilboy Energy Limited(OBOY)	11.50 ▲ 1.05 (10.05%)
Nimir Resins / Dec 18 Nimir Resins Limited(NRSL)	35.16 ▲ 3.20 (10.01%)
Data Agro / Dec 18 Data Agro Limited(DAAG)	139.24 ▲ 12.66 (10.00%)
Diamond Ind. / Dec 18 Diamond Industries Limited(DIIL)	20.90 ▲ 1.90 (10.00%)

Stock	Price
Equity Modaraba / Dec 18 First Equity Modaraba(FEM)	3.01 ▼ -0.43 (-12.50%)
Dewan Textile / Dec 18 Dewan Textile Mills Limited(DWTM)	5.67 ▼ -0.77 (-11.96%)
Blue-Ex Ltd / Dec 18 Blue-Ex Limited (GEM)(GEMBLUEX)	37.76 ▼ -4.20 (-10.01%)
National Bank / Dec 18 National Bank of Pakistan(NBP)	66.38 ▼ -7.38 (-10.01%)
Din Tex. / Dec 18 Din Textile Mills Limited(DINT)	45.90 ▼ -5.10 (-10.00%)
Imperial Limited / Dec 18 Imperial Limited(IML)	20.16 ▼ -2.24 (-10.00%)
Mari Petroleum / Dec 18 Mari Petroleum Company Limited(MARI)	728.78 ▼ -80.98 (-10.00%)
Bilal Fibres / Dec 18 Bilal Fibres Limited(BILF)	12.61 ▼ -1.40 (-9.99%)
Calcorp Ltd / Dec 18 Calcorp Limited(CASH)	26.22 ▼ -2.91 (-9.99%)

Stock	Volume
WorldCall Telecom / Dec 18 Worldcall Telecom Limited(WTL)	151,921,663 ▼ -0.12
Pak Elektron / Dec 18 Pak Elektron Limited(PAEL)	107,502,606 ▲ 0.19
Cnergyico PK / Dec 18 Cnergyico PK Limited(CNERGY)	58,285,174 ▼ -0.47
B.O.Punjab / Dec 18 The Bank of Punjab(BOP)	57,202,972 ▲ 0.01
Pak Refinery / Dec 18 Pakistan Refinery Limited(PRL)	55,973,468 ▼ -0.99
Sui South Gas / Dec 18 Sui Southern Gas Company Limited(SSGC)	42,923,281 ▲ 1.37
PIA Holding Co.Ltd / Dec 18 PIA Holding Company Limited(PIAHCLA)	36,897,118 ▲ 0.09
Hub Power Co. / Dec 18 The Hub Power Company Limited(HUBC)	33,289,968 ▼ -3.53
K-Electric Ltd. / Dec 18 K-Electric Limited(KEL)	31,365,092 ▼ -0.20

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